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States ease nexus thresholds

TaxConnex

Almost five years ago, the Supreme Court’s Wayfair decision was heralded as a revenue gateway for almost all states to require remote sellers to collect and remit sales tax. South Dakota joins California, Colorado, Iowa, Maine, North Dakota, Washington and Wisconsin in eliminating transaction-based nexus thresholds.

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Friday Footnotes: Florida Man’s Tax Problem; Accountants Are Walking Out; BDO Assures on Tether | 2.10.23

Going Concern

Talent As tax season approaches, accounting firms are short on staff [ Marketplace ] Oh hey! How can employers optimise working environments to support the needs of their accountancy teams and ultimately retain them, all while adding value to their organisation? The stablecoin firm released BDO’s assurance opinion on Feb.

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Monday Morning Accounting News Brief: Blaming PwC’s Bro Culture; How Do We Do Office Professional Now? | 10.2.23

Going Concern

O’Neill also said the “full shape” of PwC’s alleged wrongdoings would not be known until separate investigations by the Australian federal police and the Tax Practitioner’s Board are finalised and two Senate inquiries finish their reports. Global accounting and advisory firm Deloitte is well and truly pulling away from its Big Four rivals.

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Happy fifth birthday, Wayfair, as your rules keep changing

TaxConnex

Supreme Court’s Wayfair decision gave tax jurisdictions the power to require out-of-state companies collect and remit sales tax. But the latter then had to evaluate changing tax responsibilities under economic nexus thresholds and physical presence standards. Government Accountability Office. Easing off? As of Aug.

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How to Efficiently Complete a Business Personal Property Rendition

CPA Practice

The property tax life cycle is a complex beast, and taming it can be both frustrating and time-consuming. Did you know that businesses typically spend an average of 132 hours per week on various personal property tax compliance tasks ? These 12 states generate property tax revenue from real estate taxes instead.

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AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award

CPA Practice

Victoria Saravia Bazoberry (New York), a graduate of the University of Notre Dame with a Bachelor of Business Administration in accountancy, is employed with KPMG LLP in New York, NY. Sells, one of the first CPAs in the U.S., was active in the establishment of the AICPA and played a key role in advancing education within the profession.

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US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. For starters, “a Government Accountability Office audit said states missed out on about $13.7